Top Searches:

Bill to foil loot & scoot introduced in House

TNN | Mar 13, 2018, 06:44 IST

NEW DELHI: Amid protests and disruptions, the government on Monday introduced the Fugitive Economic Offenders Bill which will allow confiscation of property of those who have fled the country despite an arrest warrant. The legislation was pushed through due to the Rs 12,600 crore PNB fraud.

The bill says the “provision of the Act shall apply to any individual who is, or becomes a fugitive economic offender on or after the date of coming into force of this Act”.

Both Houses of Parliament witnessed noisy scenes as opposition parties and NDA allies stood their ground with their demands. While the Congress demanded a discussion on the banking scam under Rule 193, the TDP kept up its demand for special status for Andhra and TRS sought increase in the quantum of quota. While question hour was entirely washed out in the morning, Lok Sabha could transact business for less than 15 minutes after it reconvened at 12 noon. Rajya Sabha too was adjourned for the day following repeated disruptions.

BJD MP Bhartruhari Mahtab opposed introduction of the Fugitive Economic Offenders Bill, 2018. He objected to sections of the bill that allow anyone to be prosecuted, or his property to be acquired, without his being found guilty by a court of law. The bill defines an economic offender as an individual who has committed a scheduled offence or offences involving an amount of Rs 100 crore or more and has absconded from India or refused to return to avoided

All Comments ()+^ Back to Top

Characters Remaining: 3000

Continue without login

or

Login from existing account

FacebookGoogleEmail

Share on FacebookShare on Twitter

Refrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community. Help us delete comments that do not follow these guidelines by marking them offensive. Let's work together to keep the conversation civil.